Shipping Corporation Of India Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2025, recommended Final Dividend of Rs.6.59 per equity share of face value of Rs 10 each
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Shipping Corporation of India (SCI), at its meeting on May 16, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. The Board recommended a final dividend of Rs.6.59 per equity share (65.90% on face value of Rs.10), translating to a total payout of approximately Rs.306.96 crore, subject to shareholder approval at the AGM. On the consolidated side, FY25 revenue from operations rose about 11% to Rs.5,60,583 lakhs, while profit after tax grew roughly 24% to Rs.84,358 lakhs, with EPS at Rs.18.11 compared to Rs.14.58 in FY24. Joint statutory auditors (M/s D R Mohnot & Co and M/s PSD & Associates) issued an unmodified opinion but flagged several emphasis-of-matter items, including the long-pending Performance Related Pay dispute (Rs.1,103 lakhs), ongoing reconciliation of trade balances, the government's strategic disinvestment process, and the demerger/leaseback arrangement with SCI LAL. The Board also approved the appointment of M/s J N Gupta & Co. LLP as Internal Auditors for FY26 and FY27.
Investors stand to receive a robust dividend of about Rs.307 crore if approved, and the strong profit growth with a clean (unmodified) audit opinion is positive for sentiment. However, the ongoing government strategic disinvestment, unresolved PRP issue, and pending leaseback formalities remain key overhangs to monitor.